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Destroying Cancer at the Speed of Light®

Clinical Study Underway (75 of 100 Patients Treated)
Expected to complete enrollment at the end of 2024
Expected to complete study at the end of 2026


Bullboard - Investor Discussion Forum Theralase Technologies Inc. V.TLT

Alternate Symbol(s):  TLTFF

Theralase Technologies Inc. is a Canada-based clinical-stage pharmaceutical company. The Company is engaged in the research and development of light activated compounds and their associated drug formulations. The Company operates through two divisions: Anti-Cancer Therapy (ACT) and Cool Laser Therapy (CLT). The Anti-Cancer Therapy division develops patented, and patent pending drugs, called... see more

TSXV:TLT - Post Discussion

Theralase Technologies Inc. > Financing to close Nov 20
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Post by james700 on Nov 17, 2023 8:35pm

Financing to close Nov 20

So, it appears that they raised $1.5M. I did contact Theralase and ask why they did not email all the shareholders at the same time as they announced the financing. We probably all would have signed up for the financing, instead of buying existing shares at sub $0.20. The future of TLT is in the interest of all the long term shareholders..500 shareholders times $5,000 is $2.5M.  This current stop gap financing will close Monday Nov 20th. Good luck to all longs.
Comment by N0taP00p on Nov 17, 2023 9:42pm
They cancel the LIFE raise, initiate a PP raise for a smaller sum and at the same time tell you they're going to close the announced raise the next business day after the NR is released, apparently because they already have a line of sight to the amount they asked for.   Is that what you're saying, James?  
Comment by james700 on Nov 18, 2023 2:35am
The Offering is scheduled to close on or about the week of November 20, 2023 and is subject to the receipt of all necessary approvals, including the approval of the TSXV ("Closing Date"). This was in the news release
Comment by Oilminerdeluxe on Nov 18, 2023 2:48am
At least it seems they have 1,5 m lined up. That's good. But man do they need that BTD. Fingers crossed.
Comment by Alamir1111 on Nov 18, 2023 3:08am
I guess Gbm trials are on hold....xray and ruvidar sounds so promising..
Comment by Oilminerdeluxe on Nov 18, 2023 3:46am
Ok, they  will have money for 5-6 months perhaps. If that 1,5 is indeed ours, but it appears so at the moment. Considering the snail pace, is that enough time to get that BTD? It should, but since everything takes forever.. The tiniest delay now won't be pretty On the other hand, perhaps they can shut down things that are not a priority and save some bucks. They need to get that ...more  
Comment by StevenBirch on Nov 18, 2023 9:31am
My feeling is they could probably do a deal with someone right now if they wanted but it's better in the long run, for the shareholder, to beg for money using small PP's than do a deal with the devil. Let's face it, other than the financial situation nothing has changed for the worse and in fact the data continues to advance and there are other things going on. The precarious financial ...more  
Comment by Oilminerdeluxe on Nov 18, 2023 9:47am
With a little luck, the next data update might bring smiles back. If the stream of PP money is still there when needed in the future, this is perhaps the best way to go.  But man, they need that BTD. That in itself might not move the needle but any j/v should be much better if it is given. I keep telling myself that anyway. Less than two weeks until the next udpate. 
Comment by Rumpl3StiltSkin on Nov 18, 2023 11:05am
BTD, JV potential, AA around the corner, Improving phase 2 data? Money $$$ should NOT be a concern for a next PP. IF, they even need one in 4 or so months?? I think this gives them another 6 months $$ but it is always good to do the PPs a bit earlier.
Comment by Mikee3003 on Nov 18, 2023 10:50am
Steven - you really think they could do a deal right now but in the long run it is better for shareholders to keeping doing small PP's......LOL!!! I beg to differ, going BK is NOTbetter for the shareholders! Don't tell me that there is no way BK could happen! Brings back memories of Oilexco. This was at one time a darling of the TSX, at least 8 analysts had recommended it but then they ...more  
Comment by N0taP00p on Nov 18, 2023 12:07pm
Mikee3003.  If TLT put a sign on their door that said "we're closed due to bankruptcy", you'd still have our local diehards standing outside with JV and AA signs. You're getting a live demo on how cults work.  Makes TLTs daily run of Groundhog Day somewhat watchable. Enjoy the show and hope that TLT holds on.  Even with BTD, I'm no longer sure they can get ...more  
Comment by Benedictus on Nov 18, 2023 11:37pm
Unfortunately, I agree. If a licensing deal was on the table it's very hard to believe they wouldn't take it in a heartbeat, even if the terms weren't great.  I mean each failed offering where they settle for less funds than they need is just a growing track record of very poor optics and ongoing investor distrust in this executive team's ability to garner credibility for ...more  
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The Road to Saving Lives: Clinical Study Underway

  • Clinical Study with 75 of 100 Patients Treated (Enrollment to be completed by end of 2024, with study completed by end of 2026)
     
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The Road to Saving Lives: Clinical Study Underway

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  • Ground Floor Investment Opportunity in Multi-Billion Dollar Industry
     
  • Best-in-class treatment for NMIBC (according to interim clinical data)
     
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Address:
41 Hollinger Road
Toronto, ON M4B 3G4
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Toll Free:
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Local Phone:
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